New York A00714 amends the public authorities law to require the state comptroller's approval for certain public authorities' contracts over one.

New York A00714 amends the public authorities law to mandate the state comptroller's approval for contracts exceeding one million dollars awarded by state authorities. This includes contracts awarded to a single source or through non-competitive procurement methods, or funded by state appropriations. The comptroller must promulgate necessary rules and regulations, including standards for contract approval. Contracts entered into after the comptroller notifies the authority of the need for approval must be submitted for review and will not be enforceable unless approved.

New York A00714 amends the public authorities law to require the state comptroller's approval for certain public authorities' contracts over one.

New York A00714 amends the public authorities law to mandate the state comptroller's approval for contracts exceeding one million dollars awarded by state authorities. This includes contracts awarded to a single source or through non-competitive procurement methods, or funded by state appropriations. The comptroller must promulgate necessary rules and regulations, including standards for contract approval. Contracts entered into after the comptroller notifies the authority of the need for approval must be submitted for review and will not be enforceable unless approved.